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20121201
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. >> sure. bill: $16 trillion. now to newtown, connecticut, attempted normalcy and so much heartache. schools in the area opening first time since friday's massacre except of course sandy hook elementary which remains closed indefinitely as police continue their investigation there. there are questions whether it will be ever reopen. volunteers in the neighboring town of monroe, seven miles away, hard at work, getting a former middle school ready for sandy hook students. all of this as the grim task of bearing so many young innocents gets underway. 10:00 in the morning funeral services begin for james mattioli. followed by services for jessica reek coast. -- rekos. a rabbi spoke about that service. >> being celebrated as a pure innocent child by the promise of life ahead of him. who brought joy to his family and to his community and who will be sorely missed. as his older brother said he could have been anything if he had grown up. this is tragedy that we have no answers for this. bill: rick leventhal live in new town with this now. do we know anymore details about the killer, rick?
because it's intensifying following the connecticut school shooting massacre. the nra's president wayne lapierre went on nbc's "meet the press" this weekend saying call him crazy for wanting to put armed security officers in schools. he doesn't mind. nra president david kean told cbs' "face the nation," a ban on assault weapons won't stop mass killings. >> we debated this before. we had a so-called assault weapons ban for ten years. we had what senator feinstein is suggesting. it was allowed to expire. the fbi, the justice department, and others who studied it said it made no difference. >> if it's crazy to call for putting police and armed security in our school to protect our children, then call me crazy. >> despite the national rifle association's opposition to any new gun laws, president obama insists an action is not an option when it comes to protecting children. while democrats and republicans are upset over the massacre in newtown, the country remains polarized on the issue of gun control. cnn's senior congressional correspondent dana bash is in washington. we know that some law
their lives in the sandy hook elementary school shootings in newtown, connecticut. to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous but i give florida the edge. right after mississippi. you mean alabama. say louisiana or there's no dessert. this invitation is brought to you by bp and all of us who call the gulf home. can i still ship a gift in time for christmas? yeah,
, connecticut. it did have a stake in freedom group. it has invested $751.4 million as of the end of march. cerberus acquired bushmaster last year. and my column today focuses on the number of private equity firms that have major stakes in gunmakers. colt, by the way, is another that is one of them. mid ocean owns a piece of bushnell. doesn't make guns, makes everything but the gun itself. >> what do you mean, the components? >> if you want a 25 round magazine loader, they have it. if you want a military grade night vision, they have it. if you need laser guided things, that's what they make. >> but if you look at the numbers, the sales of a lot of these gunmakers, freedom group in particular have been rising sharply. and, you know, the day after -- >> and the automatic rifle, that's where the growth is coming from. >> absolutely. the day after president obama was elected, you saw a sharp jump in sales. >> i should say as of last night when i was working on this piece, there was a a briefly statement been eliot spitzer wrote an item on his blog. at the time, it was not clear that you will
violence and gun rights became urgent after the massacres in newtown, connecticut. but the debate turned to outrage for thousands of handgun permit owners north of new york city when a newspaper published their names and addresses for an article called "the gun owner next door." cnn's brian todd is here with more details. really interesting story. >> it is really interesting, candy, and really it is the interactive map that has drawn such controversy. with a couple of clicks you can see who in the counties may have guns in their homes. and you can figure out when may not. it is a local new york city wit large circulation, they are saying that the gun control and the happening of newtown, connecticut are in the minds of this readers. so they published a map of where all handgun owners live. on the journal news website, all you have to do is zoom into a neighborhood and the locations of any gun permit holders will show up with red dots tap a dot, and the name and address of the permit holder pop up. the newspaper got the data by filing freedom of information requests with the clerks of the
talk about gun control, or you caulk about the guns in the wake of a wake ofity connecticut shooting you'll get8 of 10 carrolls sayi if only there were not more guns in schools. if only this was a gun-free zone. don't take my gun away from me as a law-abiding citizen in order to deal with these people out there doing these horrible things. >> you wrote a piece about this about the decision to give up your gun and about a context. i want you to talk about the full context for that. because it was very moving to me and also, i think, the psychology of this is important. i don't want to underplay or sit here as aa never having owned a gun liberal and poopoo the psychology of people that do own it. that's not something christmas eve subjective access to and a lot of people feel very strong about that. >> i live in the south, ground zero for the nra but further to the right of gun owners of america. it's a part of our culture. i was raised in a household with guns. my mother later on when she was a widow, had guns. my father was my first hero. and i describe in the piece, i think, for the
the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes, earnings. fedex, research in motion among the companies reporting. so finally maybe we'll be talking about fundamentals in the stock market more than just the cliff. we've got to talk about apple reversing its move lower this morning, sold more than 2 million iphone 5s in china. the best debut for any iphone in the china market. apple shares are higher as we mentioned. moving away from market bear territory. apple h
, connecticut where there were more funerals today. few moments ago i spoke to kneel louis. >> jesse was my son and my buddy too. and i'm lost for words. we did everything together. and he had so many favorite spots. where he would go. the diner in town here, the grocery store, for his bagel or fuf muffin in the mornin ing mistyve deli and he would get his school snack. just, i'm lost for words. and -- >> the feeling i got from everything i undpnder stood abo his last few moment as live is that he showed courage. he tried to get out of there. he was aware something was happening. his favorite teacher vicky soto was there. did it surprise you that he he was showing such enterprizing courage? >> that is what is said to have happened that the kids were attempting to make a run or to escape. i'm not sure of the number of survivors in miss soto's class if there were are any. but, yeah, that wouldn't surprise me. jesse that was jesse, he was the type that would take control and was adventurous. um, and he i always told jesse never to leave anybody hurt and always to help them. so if there was somebod
factories. i'm not being anti-union here. i'm pro-union. i want factories in connecticut, in rhode island, in massachusetts, across new england reopened. but the jobs from overseas, they're not going there. they're not going there because of work force rules that i think even trump told me were outdated and outmoded. >> is our education system outdated? >> no. >> our union advocacy, is that outdated, how they go about fighting for it? i don't know. that question was put on the table. whether factories are shut, that means jobs have left. if you look at wages enjoyed by workers in right-to-work states, i think it should be put on the table. where do they fare? i have not done the analysis so it's hard to say. >> it's a question, though, willie, whether you want the job or not. >> right. >> i asked bob riley, i've said this 1,000 times, it seems extraordinarily important if you're a union member in the northeast, and like me, you want your factories running again. i asked bob riley, i don't understand, why did mercedes go to tuscaloosa county, alabama, instead of filling up the factories in
of the newtown connecticut tragedy. we love the way you all have been strong in support of them. >> thank you. i very much appreciate that. michael, let me ask you, what do you want to be avoiding in 2013? >> i think you have to look at it from the standpoint of extreme. it's clearly in the bond market. it's clearly in the love for dividends. it's clearly in the love for income versus capital appreciation, versus cycle kral. i call this the rocky balboa stock market. we've had tremendous swings from the bears. you cannot deny the resilience, best year since '09. how is it comparatively smaller fiscal cliff going to do it? >> he does have a point. the relative strength of this market this year has been impressive given all the headwinds that this market has. >> it's been macho ka macho. that's the fighter who just passed away in puerto rico. it has taken blows like you can't believe and has hung in there. and the market leads the economy, not the economy leads the market. we remain defensively positioned because of profits, production and personal income. but we do know maybe we need to change th
, the fiscal cliff, newtown, connecticut, what happened up there, that's the gem feeling overall. jcpenney, they've had promotions walking away from it every day, low discount price story. oppenheimer noted discount racks had been cleared and the traffic seems to have improved in that store. maybe that change in their philosophy has helped them out. that's a note that was out on oppenheimer today. bottom line here, guys, is i think we are seeing some movement with some companies to deal with some of these retail sales issues. you'll see a lot of pressure on margins. david, i think you mentioned this, about what was going on with inflows and outflows from equity mutual funds. it's true we're continuing to get outflows from equity mutual funds. that's certainly been disappointing. we had it going through up until last week. the end of last week, it was reported the first outflows from treasuries. more specifically, from general bond funds. that's the first time we've seen this in a very, very long time. all right, it was a very small number, something on the order of $1 billion or something
elections. it's likely to happen. and the school massacre in connecticut is now elevated gun control. democrats had been steering away from the issue out of political fear. connecticut changed the equation and the president will offer proposals in his state of the union. he'll face strong opposition from republicans and the gun lobby. that means bet on some action but not the sort of restrictions democratic liberals prefer. >> our thanks to john harwood. let's try to go back to mary thompson and see what is moving at the new york stock exchange. >> well, things are moving and my mike is finally working. as i mentioned earlier or was trying to mention, the dow had briefly dipped below 13,000. it is off the lows of the day. but again, wall street continues to keep watch on wall street or washington. most specifically the 3:00 meeting between the president and the leaders of congress. volumes today as you might expect, this is the second to last trading day of the new year, volumes are low. in fact, they're tracking below yesterday's levels, which were also very weak. as it stands right
had passed away. brubeck lived in wilton, connecticut. he would have been 92 years old, and just some of the amazing things that he did in his career. he was able to set music to words of the old testament and as well as to the words of martin luther king injury. most recently took photographs of ansel adams, and let's just listen in. this is "take five." ♪ ♪ >> it was back on december 6, 2009, his legacy was celebrated at the kennedy center honors gala that they have, and they called -- what they called six decades of dazzling musical genius. truly a national and international treasure. dave brubeck has died. would have turned 92 years old tomorrow. >>> one relief official describes what the wind did. the typhoon unleashing in southern philippines. a frantic search for survivors is underway in the areas where the storm tore roofs off the buildings, triggered flash floods. the death count now stands at 274. it is expected to grow as that typhoon continues to churn. our liz visited the island that was hit the hardest. >> reporter: the typhoon slammed into the philippines' southern
the prospects for a deal to avoid the fiscal cliff, congressman jim himes, democrat from connecticut. congressman, there are some in both parties, i don't know, maybe they wouldn't admit it, they don't think it's the worst thing in the world to go over temporarily. where are you? >> you know, i think there's some chance we get a deal in the early weeks of january which means technically you are going over the cliff. if you vote on the deal that john boehner couldn't get done in his conference thursday, if you vote on that in january, a deficit deal than december. it's actually a tax decrease. i don't think nothing is going to happen in the coming weeks. it is possible we get into the first week of january before something to vote on. congress has gotten used to doing things at the last minute and it's not exactly clear when the last minute is here. >> i've been saying for a while you don't have to deal with 400 or 500 grand, get 250, what the president has wanted all along and get the republicans to not vote for a tax cut for everybody under 250. why hasn't that been the strategy or
, the hurricane sandy, the track dpi in connecticut, people had a lot on their minds this season. this weekend was a key weekend. i think it helped. i didn't see promotions being extra promotional. but it's a push till the end. >> okay, so winners and losers? >> i think some of the winners, i think you're going to see companies like tjx, macy's. i think american eagle outfitters, even gap had a very good season, along with michael kors. >> losers? >> i think you had a tough time at jcpenney. i think the traffic was tough there all the time. i think kohl's had to be extra promotional in order to be able to drive the sales. and the whole children's sector was very promotional. from gymboree to children's place. >> so, dana, jason trennert from strat eegous. how are you doing? >> good, how are you, jason? >> good. normally retail stocks outperform in january, because i think that phenomenon that andrew was talking about is that there's a general sense that christmas gifts canceled at a certain point and then it comes back at the end and then you wind up having a big january and the stocks tend to
is the ticker on this of course, troubles surrounding the newtown, connecticut, shooting a lot of sellers on that stock during that period of time, today, issuing another $15 billion, expand its buy back program which it just announced with its fiscal second quarter results, announced 20 million share -- $20 million worth of buy backs and expand that to 15. nice gain on the shares. >> >> a big winner for the year. look at that chart. >> all handgunmakers, talking about this before, how ironic you can the obama administration was seen strict irbefore the elections and hand brought forward the dematte manned that might have been in the future, people wanted to bite hand guns. >> always the case. any time the debate over gun control flares up. >> does the framework of the "wall street journal" piece tell us anything new about best buy, sears? >> for sears, we have seen them cut costs, cut costs, sears and the kmart stores. it seems that this year the reckoning, the kmart operation, people have lost track of that if you send people inside kmart today, i think you basically find a relatively h
Search Results 0 to 16 of about 17 (some duplicates have been removed)

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